You need to purchase condo insurance if you live in a condo in Cincinnati, OH. We can help you meet your condo insurance needs at Advantage Insurance Network.
Unfortunately, Ohio condo owners sometimes make assumptions about condo insurance that are not accurate. The following are four things that you shouldn’t assume about condo insurance.
You don’t need condo insurance if you have HOA insurance coverage.
HOA insurance coverage will cover the overall structure of the building in which your condo is located.
It’s essential for you to realize that your HOA insurance coverage won’t cover you for what goes on within your individual unit. That’s why you need condo insurance even if you carry HOA insurance coverage.
A condo insurance policy will cover you for any natural disaster damage.
Condo insurance will only cover you for certain types of natural disaster damage. A standard condo insurance policy won’t usually cover you for flood damage. In many cases, a standard condo insurance policy also won’t cover you for earthquake damage.
Condo insurance only protects you financially regarding damage to your property.
In addition to protecting your property, condo insurance protects you regarding liability expenses. It’s essential that you don’t underestimate how expensive liability costs can be if you get sued after an injury that occurs within your condo unit.
It’scostlye to purchase condo insurance.
You shouldn’t worry that condo insurance will be unaffordably expensive. If you shop around, you should find that it’s possible to acquire condo insurance at an affordable cost.
Contact us at Advantage Insurance Network if you’re in need of a quote on a condo insurance policy. We’re happy to help you adequately insure your condo in Cincinnati, OH.